Stocko.com Announces Investment Opinion on Nuevo Group Iusacell
CLEVELAND--(BUSINESS WIRE)--Nov. 16, 1999--Stocko.com gives
Nuevo Group Iusacell (NYSE: CEL), a strong buy recommendation
based on extremely bullish fundamentals, operating results
and explosive sales growth as reported in the 3rd quarter of 99.
We have set a target price of 30.00 a share. Iusacell is 42%
owned and managed by Bell Atlantic (NYSE: BEL). They have
recently completed updating their analog Cellular network to
CDMA PCS. Their expanding footprint currently reaches 70% of
the Mexican population. With 9.3% Land line market penetration
and 3.3% Wireless market penetration, PCS products are poised
for rapid market penetration. For the following reasons we
feel the Iusacell is an extremely undervalued PCS wireless
telcom stock.
1. 59,000 digital contract PCS customers added in last
quarter showing 58% sequential growth
2. 488,000 Cellular subscribers added from the previous year
showing 80% annual growth.
3. EBITDA positive numbers for the last 4 quarters.
4. EBITDA positive margins of 36%
5. EBITDA up 50% from the 3rd quarter of 1998
6. Bell Atlantic management and ownership
7. Compared to other PCS companies (NYSE: CEL) is the most
undervalued PCS company in North America.
Co. Name Exchange Current Sub Market Cap Per Sub
& Symbol Value
Nuevo Groupo Iusacell (NYSE: CEL) 1.1 million 775 million 704
MICROCELL (Nasdaq: MICT) 459,000 1.1 billion 2396
Voice Stream (Nasdaq: VSTR) 553,000 9.01 billion 17,904
SPRINT (NYSE: PCS) 4 million 39.6 billion 9900
OMNIPOINT (Nasdaq: OMPT) 698,000 4.35 billion 6232
POWERTEL (Nasdaq: PTEL) 483,000 2.06 billion 4144
ORANGE UK (Nasdaq: ORNGY) 2.96 million 33.59 billion 11,148
ROGERS CANTEL (NYSE: RCN) 690,000 2.81 billion 4059
WESTERN WIRELESS (Nasdaq: WWCA) 774,600 4.32 billion 5209
NEXTEL (Nasdaq: NXTL) 4.05 million 31.00 billion 7654
VODAFONE (NYSE: VOD)10.445 million 73.41 billion 7024
Other companies followed by Stocko.com are (NYSE: T),
(Nasdaq: GBLX),(Nasdaq: QWST),(AMEX: GBT),(Nasdaq: FIBR),
(Nasdaq: QCOM), (Nasdaq: NXLK),(Nasdaq:LWIN),(NYSE: TMX),
(Nasdaq: WCOM),(NYSE: NT), (NYSE: LU),(NYSE: NOK),
(Nasdaq: JDSU),(NYSE: MOT),(Nasdaq: MCOM)
For a complete news release go to our website
stocko.com
DISCLAIMER
The above information regarding Nuevo Groupo Iusacell is
based on information obtained from 3rd party sources. They
are factual as to the best of our knowledge. It is incumbent
on each investor to do his or her own due diligence. The
owners of stocko.com and their representatives have taken a
position in Nuevo Groupo Iusacell (CEL). For more information
contact Stocko.com at 1-800-442-2220 Phil Black email
Philblack@stocko.com
Contact:
Stocko.com
Phil Black, 1-800-442-2220
email: Philblack@stocko.com |
